Cost Manager (Remote)

Parsons Corporation•USA TN (Virtual Office), TN

13d•$103,500 - $181,100•Remote

About The Position

In a world of possibilities, pursue one with endless opportunities. Imagine Next! At Parsons, you can imagine a career where you thrive, work with exceptional people, and be yourself. Guided by our leadership vision of valuing people, embracing agility, and fostering growth, we cultivate an innovative culture that empowers you to achieve your full potential. Unleash your talent and redefine what’s possible. Parsons is looking for an amazingly talented Cost Manager to join our team! In this role you will be responsible for supporting the planning, monitoring, analysis, forecasting, and reporting of all project costs associated with the design contract.

Requirements

Bachelor's Degree in Finance, Accounting, Business Administration, Engineering, Construction Management, or related discipline.
8–15 years of project controls, cost management, financial analysis, or program management experience.
Experience supporting large infrastructure, transportation, aviation, rail, water, or Design-Build projects preferred.
Experience with client and subcontractor invoicing processes.
Strong cost control and financial analysis capabilities.
Knowledge of earned value management (EVM) principles.
Strong client invoicing and contract administration experience.
Ability to analyze large datasets and identify trends and performance drivers.
Excellent written and verbal communication skills.
Strong organizational and stakeholder management skills.
Ability to work effectively in a fast-paced, multidisciplinary project environment.

Nice To Haves

Working in ERP Systems
Power BI
Microsoft Office Suite
Earned Value Management Systems

Responsibilities

Establish and maintain project cost control systems and procedures.
Monitor labor, direct costs, overheads, and subconsultant expenditures against approved budgets.
Analyze cost performance and identify trends, variances, and potential risks to project profitability.
Prepare Estimate-at-Completion (EAC), Estimate-to-Complete (ETC), and cash flow forecasts.
Support project leadership in financial decision-making through detailed cost analysis and recommendations.
Support preparation of weekly, monthly, and executive-level cost reports.
Monitor budget performance against baseline plans.
Analyze earned value, productivity, burn rates, and resource utilization.
Prepare variance analyses and corrective action recommendations.
Prepare and coordinate client invoices in accordance with contract requirements.
Ensure invoice accuracy, completeness, and compliance with contractual billing provisions.
Monitor invoice status, client approvals, and collections.
Support resolution of invoice-related inquiries and disputes.
Monitor subconsultant budgets, commitments, and expenditures.
Review subconsultant invoices for accuracy, contractual compliance, and progress achieved.
Coordinate invoice approvals with technical and project management staff.
Track subconsultant commitments against approved budgets and forecasts.
Support processing of subconsultant payments in accordance with contract terms.
Support monthly forecasting processes for labor, expenses, and subconsultant costs.
Support project change management activities.
Participate in project reviews and forecast updates with project leadership.
Ensure financial forecasts reflect current project conditions and risks.
Help to develop cost estimates and supporting documentation for change requests.
Monitor approved and pending changes and their impact on project budgets and forecasts.
Support internal and external audits.
Verify cost data integrity within project management systems.
Maintain accurate financial documentation and records.
Promote continuous improvement of project cost management processes and reporting tools.